Set up a company in Lithuania.
A strategic Baltic location, a competitive tax regime, and one of Europe’s most active FinTech licensing environments — Lithuania is a credible EU base for businesses scaling into the single market.
To set up a company in Lithuania, you choose a legal structure (most commonly a UAB — private limited liability company), prepare the Articles of Association, deposit the minimum share capital, and register with the Centre of Registers (Registrų Centras). You then obtain a tax identification number from the State Tax Inspectorate (VMI), register for VAT if applicable, and open a Lithuanian business bank account.
Standard formation takes 3 to 5 business days for a UAB. Minimum share capital is €2,500 (with at least €1,000 paid up at registration). Corporate income tax is 15%, with a reduced 5% rate for small companies and certain start-ups.
Grant & Graham manages the entire process — structure advice, registration, banking introductions, VAT, employment setup, and ongoing compliance — through a single senior point of contact.
Eight reasons businesses choose Lithuania.
A combination of EU access, FinTech infrastructure, a young technical workforce, and one of the most competitive tax regimes in the bloc.
Strategic Baltic location
A gateway between Northern Europe, Scandinavia, and the EU single market — with strong logistical links into Poland, Germany and the Nordics.
Competitive tax regime
15% standard corporate income tax, with a 5% reduced rate for qualifying small companies and start-ups, plus targeted R&D and IP-box incentives.
FinTech licensing hub
The Bank of Lithuania has issued more EMI and PI licences than any other EU regulator — with EU passporting and a fast, transparent application process.
Skilled, multilingual workforce
One of the most educated populations in the EU, strong English proficiency, and a deep technical talent pool in IT, engineering and shared services.
EU single market access
Full EU member since 2004 and Eurozone since 2015 — goods, services, capital and people move freely across all 27 member states.
Stable political & economic environment
NATO and EU member with consistent investment-grade sovereign ratings, transparent governance, and a long track record of pro-business policy.
Developed digital infrastructure
Among Europe’s fastest broadband and most accessible e-government services — supporting both remote founders and digital-first operating models.
Innovation & technology focus
Active government support for technology, life sciences and laser/photonics — with grant schemes, free economic zones, and EU structural funding.
Seven legal structures — one usually fits.
For most international businesses entering Lithuania, the UAB (private limited liability company) is the right starting point — equivalent to a UK Ltd or Dutch BV.
Private Limited Liability Company
The standard structure for international businesses. Separate legal entity with limited liability. Minimum €2,500 share capital, at least one shareholder and one director. Equivalent to a UK Ltd.
Public Limited Liability Company
For larger businesses intending to issue publicly tradable shares. Minimum €25,000 share capital with mandatory supervisory board for certain sectors.
Sole Proprietorship
Single owner, no separate legal personality, full personal liability. Simple to register but rarely the right choice for international or multi-stakeholder businesses.
General Partnership
Two or more partners with shared, unlimited joint and several liability. Used occasionally in professional services contexts.
Limited Partnership
At least one general partner with unlimited liability and one limited partner whose liability is capped at their contribution.
Branch
An operating branch of a foreign company. Not a separate legal entity — the parent retains full liability for the branch’s obligations.
Representative Office
Limited to marketing, liaison and promotional activities. Cannot trade or conduct commercial transactions in Lithuania.
Talk to us first
The right structure depends on your tax position, shareholders, financing plans and intended activity. A 25-minute call usually settles it.
Book a call →From decision to live entity.
The end-to-end registration sequence for a Lithuanian UAB — managed by Grant & Graham, with senior oversight at every stage.
Reserve a company name
Confirm the proposed name is unique and meets Lithuanian naming regulations. Name reservation is filed with the Centre of Registers.
Centre of Registers (Registrų Centras) →Prepare Articles of Association
Draft the company’s constitutional documents — including share structure, director appointments, registered office, and the company’s objects. For a UAB the documents are filed in Lithuanian.
Open a temporary bank account & deposit capital
Open an initial capital account at a Lithuanian bank and deposit the minimum share capital. For a UAB this is €2,500, with at least €1,000 paid up at registration.
Register with the Centre of Registers
Submit the incorporation documents online via the Centre of Registers portal. Pay the state registration fee. Standard turnaround is 3 to 5 business days.
Online Registration Portal →Tax registration (TIN & VAT)
Obtain a Tax Identification Number from the State Tax Inspectorate (VMI). Register for VAT if turnover is expected to exceed the registration threshold or if you make qualifying intra-EU supplies.
State Tax Inspectorate (VMI) →Operating bank account & banking onboarding
Convert the capital account into a fully operational business bank account — or open a parallel account with a Lithuanian FinTech / EMI partner. Grant & Graham coordinates introductions with our banking network.
Industry licences & permits
Check sector-specific licensing requirements — financial services, gaming, healthcare, regulated tech and food/beverage all carry additional approvals.
Invest Lithuania →Employment registrations
Register with the State Social Insurance Fund Board (SODRA) before hiring. Draft compliant employment contracts and observe the State Labour Inspectorate’s health and safety guidelines.
SODRA →Accounting, reporting & ongoing compliance
Set up bookkeeping aligned to Lithuanian accounting standards. Prepare annual financial statements, file annual tax returns with VMI, and maintain ultimate beneficial ownership (UBO) records.
What it costs to incorporate & run.
All figures are indicative and assume a standard UAB setup with one shareholder and one director. Final quotes vary by complexity, sector and ongoing support requirements.
One-time setup
Excludes the €2,500 minimum share capital (which remains your money in the business).
Ongoing monthly / annual
Scales with payroll, transaction volume and regulatory complexity. Retained advisory available.
The legal framework to know.
A summary of the core legislation governing companies in Lithuania — we coordinate with senior Lithuanian counsel where specialist advice is needed.
Corporate Law
- Law on Companies Akcinių bendrovių įstatymas
- Civil Code Civilinis kodeksas
Tax Law
- Law on Corporate Income Tax Pelno mokesčio įstatymas
- VAT Law Pridėtinės vertės mokesčio įstatymas
Employment Law
- Labour Code Darbo kodeksas
- Law on Social Insurance Valstybinio socialinio draudimo įstatymas
- Law on Occupational Safety & Health
Data Protection
- Law on Legal Protection of Personal Data Asmens duomenų teisinės apsaugos įstatymas
- EU GDPR (directly applicable)
Environmental Law
- Law on Environmental Protection Aplinkos apsaugos įstatymas
- Ministry of Environment regulations
Intellectual Property
- Patent Law Patentų įstatymas
- Trademark Law Prekių ženklų įstatymas
- Copyright Law Autorių teisių įstatymas
Lithuania, answered.
Four steps from enquiry to live entity.
Discovery call
30-minute conversation to understand your business, tax position, and what you actually need from the Lithuanian entity.
Recommendation
Senior advisory on the right structure, share split, banking partners, VAT position, and ongoing compliance. Fixed quote.
End-to-end formation
We handle registration, registered office, director appointments, capital deposit, banking introductions and tax registrations.
Ongoing support
Optional retained support: accounting, VAT, payroll, annual filings, advisory hours and structural changes as you scale.
Ready to incorporate in Lithuania?
Tell us in 25 minutes what you need. We’ll tell you honestly whether Lithuania is the right jurisdiction — and if it is, we’ll handle the setup end-to-end.